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EXHIBIT 10.34
SANTA XXXXX REFINING COMPANY
X X Xxx 0000
Xxxxx Xxxxx, XX 00000
Tel: 000-000-0000
Fax: 000-000-0000
CONSULTANT AGREEMENT
1. NAME: Xxxx Xxxxxxx
2. NAME OF THE COMPANY: Santa Xxxxx Refinery Company (SMRC)
3. LOCATION: Santa Maria, California
4. JOB TITLE: President
5. EFFECTIVE DATE: July 1, 1994
6. MAJOR AREAS OF RESPONSIBILITY:
MANAGEMENT OF
All Refinery operations including
- budgets, cash flow needs and projections
- regulatory compliance
- CUP achievement
- asphalt marketing
7. REPORTING TO: Xxxxx Xxxxxxxxx, Chairman of
SMRC's Board of Directors
8. COMPENSATION:
A. $60,000 per annum to be paid on a monthly basis and 12,000
shares of Saba Petroleum Company Common Stock to be issued as
fully paid on January 1, 1995 as a one time bonus. Compensation
for second year of the contract shall be $100,000 per annum
B. Standard medical and 401(K) Plan benefits
C. Company vehicle for Company usage
E. Bonus at discretion of the Directors
F. The Company shall indemnify against any claims while holding the
office
9. TERMINATION NOTICE: 90 days severance upon termination
10. CONTRACT TERM: 2 years from July 1, 1994 to
June 30, 1996
/s/ XXXX XXXXXXX /s/ XXXXX XXXXXXXXX
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Xxxx Xxxxxxx Xxxxx Xxxxxxxxx - Director
Santa Xxxxx Refining Company
July 22, 1994 July 20, 1994
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Date Date
